Goldman Predicts S&P 500 May Hit 6,000, Ups FTSE 100 to 8,200 and EURO STOXX 600 to 540 for 2024

Goldman Sachs Group Inc. strategists maintain their year-end forecast for the S&P 500 at 5,200, with a potential upside scenario where the index could reach 6,000, driven by the expansion of megacap tech companies' valuations, according to Bloomberg. This scenario would result in the S&P 500 reaching a forward PE ratio of 23. Additionally, industry analysts project a 7% increase in the S&P 500 price over the next 12 months, according to Factset. In related financial forecasts, Goldman Sachs has raised its 2024 targets for the FTSE 100 to 8,200 from 7,900 and for the EURO STOXX 600 to 540 from 510, while also retaining a bullish view on commodities for 2024.